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Fitch Affirms Malta at ‘A+’; Outlook Stable

  Malta’s rating is supported by high per-capita income levels, a large net external creditor position and a pre-pandemic record of strong growth and sizeable debt reduction. These strengths are balanced against its large banking sector and the small and highly open nature of its economy, which makes it vulnerable to external developments. The Stable Outlook reflects Fitch’s expectation that GDP growth will recover …

Donation for Charity

Jerome Estate agency has donated €1,000 towards the Jerome Charity Foundation as sign of its values and beliefs towards that all lives matter. Father Giovanni Cefai has been been helping the impoverished region of Arequipa for 20 years.

IMF estimates Malta’s GDP to fall by 2.8% in 2020 due to Covid-19 and rise by 7% in 2021

The International Monetary Fund (IMF) have, in their latest projections, estimated that Malta’s GDP will fall by 2.8% as a result of the spread of Covid-19 – the lowest drop across Europe – and then rise again by 7% in 2021 as the world’s economy stages a bounce-back from the effects of the virus. In its most recent World Economic Outlook, issued on Tuesday, …

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